In the past, the iron and steel sector has been situated close to raw materials. Describe the factors that are causing the iron and steel industry to move farther from the source of their raw materials.
Model Answer 1. Technology Transfer and Investment in Education East Asia’s semiconductor sector benefited greatly from the transfer of technology and investments in education. Taiwan, for example, leveraged technology from the Radio Corporation of America (RCA) through the Industrial Technology ResRead more
Model Answer
1. Technology Transfer and Investment in Education East Asia’s semiconductor sector benefited greatly from the transfer of technology and investments in education. Taiwan, for example, leveraged technology from the Radio Corporation of America (RCA) through the Industrial Technology Research Institute (ITRI). The ITRI acquired advanced semiconductor technology and recruited engineers to further develop it, laying the foundation for Taiwan’s thriving semiconductor industryovernment Policies and Industrial Support** Government policies in East Asia, particularly in countries like South Korea and Taiwan, have played a vital role in nurturing the semiconductor industry. The Korean government, for instance, supported exporting firms with loans, which enabled Samsung to rise as a leader in the Dynamic Random Access Memory (DRAM) market.
2. al Formation The semiconductor industry demands heavy investment in research and development (R&D). East Asian nations like South Korea and Taiwan have been able to channel their high private savings rates into these industries, benefiting from disciplined fiscal policies and substantial national savings .
3. Entreprenion Visionary entrepreneurs were key to the semiconductor industry’s growth in East Asia. Samsung’s Byung-Chull Lee, for example, recognized the potential of DRAM chips and focused on them, driving the company’s dominance in the memory chip market .
4. Economic Response The geopolitical threats faced by Korea and Taiwan, such as tensions with North Korea and China, spurred a unified push towards rapid industrialization, particularly in the semiconductor sector. These threats created a sense of urgency and helped drive the industry’s development .
5. Avoidance of Protectionism he U.S., which adopted protectionist measures, East Asian countries remained open to competition and technology transfer. This openness contributed to the sustained growth of the semiconductor industry in the region .
East Asia’s semiconductor industry, drive factors, has become a cornerstone of the global supply chain, helping the region solidify its role as a manufacturing powerhouse.
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The iron and steel industry, often referred to as a foundational or basic industry, operates as a heavy industry with the unique characteristic of losing weight during production. This historically led to the strategic placement of facilities near rich raw material sources, as seen with TISCO in JamRead more
The iron and steel industry, often referred to as a foundational or basic industry, operates as a heavy industry with the unique characteristic of losing weight during production. This historically led to the strategic placement of facilities near rich raw material sources, as seen with TISCO in Jamshedpur near the Jharia Coalfields. However, this industry is shifting away from the source of raw materials and relocating towards coastal regions, as observed in places like Detroit and Chicago in the USA, Visakhapatnam in India, and Osaka-Kobe in Japan.
Reasons behind the Relocation of Iron and Steel Industries:
The contemporary trend of iron and steel industries relocating away from raw material sources is a multifaceted phenomenon driven by a confluence of factors, reflecting the adaptability of this vital industry to modern challenges and opportunities.
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